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The document is a Real Estate Purchase Contract between a Buyer and Seller for the sale of a parcel of real property in Ohio. It outlines the terms of the sale, including the purchase price, contingencies related to title, survey, environmental conditions, and inspections. The contract specifies obligations for both parties at closing, including necessary documents and costs. It also includes representations and warranties from the Seller regarding the property's condition and legal compliance. The contract is governed by Ohio law and emphasizes that time is of the essence.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does a contract have to be notarized in Ohio?

In most cases, a contract does not have to be notarized since the signed contract itself is enforceable and legally binding in state or federal courts. Many types of written contracts dont require a notary public to be valid.

What makes a contract legally valid?

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent , expressed by a valid offer and acceptance ; adequate consideration ; capacity ; and legality . In some states , elements of consideration can be satisfied by a valid substitute.

What are the 5 requirements for a valid contract?

A contract will only be legally binding upon the contracting parties if the following requirements are complied with: consensus, contractual capacity, certainty, possibility, legality and formalities. 39 The above requirements will be discussed next. 39Para 1 1 above.

Can I write my own real estate contract?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from PandaDoc, as well as benefiting from real estate contract management software functionality.

What makes a contract legally binding in Ohio?

An offer; Mutual acceptance of the terms of the contract; A meeting of the minds on accepted terms; and. Mutual intent that the contract is legally binding.

ohio real estate contract

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What is a standard real estate contract?

A typical real estate contract specifies a date by which the closing must occur. The closing is the event in which the money (or other consideration) for the real estate is paid for and title (ownership) of the real estate is conveyed from the seller(s) to the buyer(s).

What makes a contract valid in Ohio?

In Ohio, for a contract to be legally enforceable, certain elementslike a valid offer, acceptance, and a meeting of the mindsmust be present within the document or verbal agreement. These elements help ensure the enforceability of the contract and confirm the agreement is valid and binding under the law.

Can a buyer back out of a real estate contract in Ohio?

(A) In addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase.

Get the up-to-date ohio real estate contract 2025 now

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Got questions?

Does a contract have to be notarized in Ohio?

What makes a contract legally valid?

What are the 5 requirements for a valid contract?

Can I write my own real estate contract?

What makes a contract legally binding in Ohio?

Complete this form in 5 minutes or less

People also ask

What is a standard real estate contract?

What makes a contract valid in Ohio?

Can a buyer back out of a real estate contract in Ohio?

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